Pune, India, May, 2018, MRFR Press Release/- Market Research Future published a half-cooked research report on the global Narrowband IOT Chipset (NB-IoT) market.

Narrowband IOT (NB-IoT) Chipset market Highlights

The need for low power consumption and large coverage range of networks are driving the demand for narrowband IoT chipsets. High level of security, compatibility with existing cellular infrastructure, and low cost of devices are fuelling the market growth. The rising initiatives for developing smart cities are creating an opportunity for the growth of narrowband IoT chipset market.

The global narrowband IoT (NB-IoT) chipset market is segmented into component, application, deployment, end-user, and region.

Key players

Some of the key players in the narrowband IoT (NB-IoT) chipset market are Intel Corporation (U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Quectel Wireless Solutions Co. Ltd. (China), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Qualcomm Technologies Inc., (U.S.), Vodafone Group plc (U.K) and others.

Some of the key innovators are u-blox (Switzerland), ZTE Corporation (China), SEQUANS Communications SA (France), Emirates Telecommunication Group (UAE), China Telecommunications Corporation (China), Nordic Semiconductor (Norway), Sigfox (France), STMicroelectronics (U.S.), Gemalto (the Netherlands) and many others.

There have been recent mergers and acquisitions among key players, where the business entities expect to strengthen their reach to their customers.

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Regional Analysis

By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, Asia Pacific is projected to show high growth rate in the forecast period. Increasing demand for advanced technologies in the machine to machine communication and advancements in the system on a chip (SoC) integration in developing countries are driving the market in this region.

On the other hand, Europe is expected to show a decent growth considering the narrowband IoT (NB-IoT) chipset market. The proliferation of IoT devices and demand for advanced communication techniques drive the market in this region. However, North America is expected to hold major market share throughout the forecast period. Increasing adoption of narrowband IoT chipsets across major industry verticals is driving the market in this region.